Sri Lanka Debt Advisers May Take Weeks to Hire as Crisis Worsens
- Appointing debt advisers to take 15-20 days, finance min. says
- Nation seeking emergency aid amid worsening economic crisis
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Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, according to the country’s finance chief, a move seen as key to unlock emergency funds needed to ease its worsening economic crisis.
The country is aiming to choose financial and legal advisers in 15 to 20 days, Finance Minister Ali Sabry said in a Bloomberg Television interview with Kathleen Hays and Haidi Stroud-Watts late Wednesday in Washington.